Mahindra Manulife Mutual Fund

Mahindra Manulife Investment Management Pvt. Ltd (MMIMPL) was incorporated on 20th June 2013 under the Companies Act, 1956. It is the Investment Manager of Mahindra Manulife Mutual Fund, offering a wide variety of investment solutions across India. As of 31st March 2021, it manages 16 schemes of Mahindra Manulife Mutual Fund. The company is a joint venture of Mahindra & Mahindra Financial Services Limited and Manulife Investment Management (Singapore) Pte. Ltd.

Before April 2020, the Mahindra Manulife Investment Management Pvt. Ltd was known as Mahindra Asset Management Company Private Limited. However, on 29th April 2020, Manulife Singapore acquired 49% of the equity share capital of the Asset Management Company and became a co-sponsor of the mutual fund. Accordingly, Mahindra Mutual Fund was renamed Mahindra Manulife Mutual Fund and Mahindra Asset Management Company Private Limited as Mahindra Manulife Investment Management Pvt. Ltd.

The Mahindra Manulife Investment Management Pvt. Ltd offers several open-ended schemes for long-term financial growth, focusing primarily on the semi-urban areas. On 31st March 2021, the average assets under management in the 16 schemes of Mahindra Manulife Mutual Fund were Rs. 5,249 crore.

Some of the mutual fund schemes offered by MMIMPL are as follows:

  • Mahindra Manulife Hybrid Equity Nivesh Yojana

This is an aggressive hybrid fund that invests a large chunk of your money in equity shares and the rest in government debts or bonds. It is suitable for conservative equity investors looking for long-term capital appreciation.

  • Mahindra Manulife Arbitrage Yojana

This Arbitrage Yojana aims to generate income by investing predominantly in the derivative segment of the equity market and the remaining balance in debt and money market instruments. These funds offer preferential tax treatment and are appealing to those in the higher tax bracket.

  • Mahindra Manulife Asia Pacific REITs FOF

This fund invests mainly in the REIT Fund (Real Estate Investment Trust) in the Asia Pacific region. This scheme is an excellent choice for those looking to diversify their portfolio and get exposure in the international real estate market.

  • Mahindra Manulife Balanced Advantage Yojana

This hybrid scheme generates returns through a dynamic mix of equity, debt, and money market instruments. The fund aims to reduce market volatility by diversifying the assets across equity.

  • Mahindra Manulife Rural Bharat and Consumption Yojana

This scheme invests majorly in equity and equity-related instruments of entities that contribute to the growth of rural India.

Top 10 Mahindra Manulife Mutual Funds Schemes –

Fund Name
Category
Risk
1Y Returns
Rating
Fund Size (in Cr)
Mahindra Manulife Multi Cap Badhat Yojana-Dir Growth Equity Very High 2.29 - 1,157
Mahindra Manulife Mid Cap Unnati Yojana – Dir Growth Equity Very High -0.63 4 889
Mahindra Manulife ELSS Kar Bachat Yojana – Dir Growth Equity Very High 1.88 3 452
Mahindra Manulife Large Cap Pragati Yojana-Dir Growth Equity Very High 1.13 4 158
Mahindra Manulife Equity Savings DSY – Dir Growth Hybrid Moderately High 3.86 4 426
Mahindra Manulife Rural Bharat & CY – Dir Growth Equity Very High 0.91 - 47
Mahindra Manulife Low Duration Fund – Dir Growth Debt Moderate 3.57 4 591
Mahindra Manulife Dynamic Bond Yojana-Dir Growth Debt Moderately Low 0.32 - 61
Mahindra Manulife Liquid Fund – Direct Growth Debt Moderately Low 3.71 5 1,705
Mahindra Manulife Overnight Fund – Dir Growth Debt Low 3.54 4 260
Mahindra Manulife Balanced Advantage Yojana-Dir Growth Hybrid Moderately High - - 624
Mahindra Manulife Arbitrage Yojana – Dir Growth Hybrid Low 3.58 - 24
Mahindra Manulife UST Fund – Dir Growth Debt Moderately Low 3.70 3 267
Mahindra Manulife Flexi Cap Yojana – Direct Growth Equity Very High - - 914
Mahindra Manulife Focused Equity Yojana – Dir Growth Equity Very High 6.10 - 506
Mahindra Manulife Top 250 Nivesh Yojana – Dir Growth Equity Very High 5.02 - 775
Mahindra Manulife Asia Pacific REITs FOF-DirGrowth Other Very High - - 35
Mahindra Manulife Short Term Fund – Dir Growth Debt Moderate 3.04 - 111
Mahindra Manulife Hybrid Equity NY – Dir Growth Hybrid Very High 3.39 - 451
Name of the Mutual Fund Mahindra Manulife Mutual Fund
Investment Management Company Name Mahindra Manulife Investment Management Pvt. Ltd.
Incorporation Date 20th June 2013
Sponsor Name Mahindra and Mahindra Financial Services Limited
Trustee Name Mahindra Manulife Trustee Private Limited
CEO/MD Mr. Ashutosh Bishnoi
Chief Financial Officer Ms. Ashwini Sankhe
Auditor Messrs. B. K. Khare & Co,

706/708, Sharda Chambers

New Marine Lines, Mumbai – 400020.

Registered Office 4th Floor, A – Wing, Mahindra Towers, Dr. G M Bhosale Marg, P. K. Kurne Chowk, Worli Mumbai – 400018.

Mahindra Manulife Mutual Fund – Top Fund Managers

Ms. Fatema Pacha

Ms. Fatema Pacha has been an Equity Fund Manager in Mahindra Manulife Mutual Fund since September 2020. She has over 14 years of work experience in equity research and fund management. She holds a PGDBM (Finance) from SP Jain Institute of Management and Research and a B.E. (Computers) degree from Thadomal Shahani Engineering College. Ms. Fatema also worked for ICICI Prudential Life Insurance Company and UTI Mutual Fund before joining Mahindra Manulife Mutual Fund.

Mr. Manish Lodha

Mr. Manish Lodha (both a Chartered Accountant and a Company Secretary) has around 20 years of work experience. He has worked in the mutual fund industry for 11 years and the insurance industry (in equity research and fund management) for four years. Before associating with MMIMPL as an Equity Fund Manager, Mr. Lodha worked in Canara HSBC OBC Life Insurance Co. Ltd. and Kotak Mahindra Mutual Fund as a Portfolio Manager, Equity Research. Before this, he had also taken several finance roles in BOC India Ltd. (Now Linde India Ltd.).

Mr. Amit Garg

Mr. Amit Garg has been working as a Fund Manager- Fixed Income at MMIMPL since April 2013. A Chartered Financial Analyst (CFA) and MMS in Finance, Mr. Garg has over 16 years of fixed-income market experience. Thus, he has a good knowledge of fixed market valuation and interest rate movements. Before this, he worked with Daiwa Mutual Fund as Junior Fund Manager and Dealer- Fixed Income.

Mr. Abhinav Khandelwal

Mr. Abhinav Khandelwal is an investment professional with over ten years of experience in Indian equity markets. Being a Chartered Accountant, he has an expert understanding of both the buy-side and sell-side of the equity market. Before joining MMIMPL in Dec 2021, he was an advisor to India dedicated Funds at Canara Robeco. He was also associated with Aegon Life Insurance. There he was responsible for handling fund management and equity research.